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SOU TJJ 8F <br /> 4 � <br /> i <br /> r-- <br /> x x <br /> 1565 <br /> CITY OF SOUTH BEND <br /> PETE BUTTIGIEG, MAYOR <br /> OFFICE OF THE MAYOR <br /> FOR IMMEDIATE RELEASE <br /> February 11, 2013 <br /> Contact: Mike Schmuhl <br /> Phone: 574-235-9261 <br /> MAYOR HIGHLIGHTS CITY'S FISCAL STRENGTH IN ADDRESS TO COUNCIL <br /> Credit Rating Highest Among Second-Class Indiana Cities <br /> SOUTH BEND In the mayor's annual address to the South Bend Common Council required <br /> by municipal code South Bend Mayor Pete Buttigieg presented the overall fiscal health of the <br /> City, explained the City's high credit rating, and announced a financial reporting award for the <br /> City's Department of Administration and Finance. <br /> "In tough economic times, the City of South Bend continues its strong fiscal stewardship of <br /> public funds," said Mayor Buttigieg. "I would like to applaud the work of our departments and <br /> employees as they do more with less to improve the overall quality of life in our city." <br /> Overall,revenue exceeded expenditures in 2012, the first year of Mayor Buttigieg's <br /> administration. The total revenue to the City, which includes property taxes, charges for service, <br /> bond proceeds, and other items, came to $284,166,267. Expenditures totaled $261,227,352. <br /> Increases in Enterprise funds in recent years can be attributed to the large capital projects needed <br /> for the unfunded, federally mandated CSO (combined sewer overflow)project, which will cost <br /> hundreds of millions of dollars over the next 20 years as part of the Clean Water Act. <br /> In the City's General Fund, which totaled $63,399,284 in 2012, public safety accounted for <br /> 83.44% of the fund. <br /> As it relates to workforce,the administration has kept the number of full-time employees lower <br /> than the previous two years. In 2012, the total number of full-time City employees was 1,118, <br /> with 51% of those employees working in public safety. <br /> 1400 COUNTY-CITY BUILDING•227 W.JEFFERSON BOULEVARD•SOUTH BEND,INDIANA 46601 <br /> PHONE 574/235-9261 • FAx 574/235-9892 • TTD 574/235-5567 <br />